News & Announcements

CMCER

25 June, 2024 08:07

Canadian Medical Center Co. Announces the Results of the Extraordinary General Assembly Meeting, ( First Meeting )

Element List	Explanation
Introduction	The Board of Directors of Canadian Medical Center Company is pleased to announce the results of the Extraordinary General Assembly Meeting (First Meeting)
City and Location of the General Assembly's Meeting	Dammam city - the headquarters - through modern technology
Date of the General Assembly's Meeting	2024-06-24 Corresponding to 1445-12-18
Time of the General Assembly’s Meeting	18:30
Percentage of Attending Shareholders	71,81%
Names of the Board of Directors' Members Present at the General Assembly's Meeting and Names of the Absentees	The meeting was attended by the following board members: H.E. Mr. Khalid bin Mohammed Al-ammar H.E. Mr. Hamad bin Mohammed Al-Duwaila Members of the board of directors who were absent from the meeting are as follows: His Excellency Mr. Khalifa bin Abdul Latif Al-Mulhim His Excellency Mr. Ibrahim bin Nuaim Al-Nuaim His Excellency Mr. Hassan Hassan Jouda
Names of the Chairmen of the Committees Present at the General Assembly's Meeting or Members of such Committees Attending on Their Behalf	The meeting was attended by Their Excellencies the heads of the following committees: Chairman of the Remuneration and Nomination Committee: H.E. Mr. Hamad bin Mohammed Al-Duwaila Chairman of the Executive Committee: H.E. Mr. Khalid bin Mohammed Al-ammar On behalf of the chairman of the audit committee was represented by Mr. Ibrahim shawqi, a member of the audit committee.
Voting Results on the Items of the General Assembly's Meeting Agenda's	1. Reviewed and discussed the Board of Directors' report for the ending of financial year on 12/31/2023 2. Approval of the audited financial statements for the fiscal year ending on December 31, 2023, after discussion 3. The financial statements for the fiscal year ending on December 31, 2023, were reviewed and discussed 4. Approval of the appointment of Dr. Mohammed Al-Omari & Co. as external auditors for the company, chosen among the candidates based on the recommendation of the Audit Committee. Their role includes examining and auditing the financial statements for the third quarter of the fiscal year 2024 and the first and second quarters of the fiscal year 2025, with fees amounting to 272,000 Saudi Riyals 5. Approval to authorize the Board of Directors to distribute interim dividends semi-annually or quarterly for the fiscal year 2024. 6. Approval of the exoneration of the Board of Directors for the year ending on December 31, 2023 7. Approval on authorizing the Board of Directors to delegate the authority of the Ordinary General Assembly to authorize the license mentioned in paragraph (1) of Article 27 of the Companies Law, for a period of one year from the date of approval by the General Assembly or until the end of the authorized Board of Directors' session, whichever comes earlier, in accordance with the conditions contained in the executive regulations of the Companies Law for listed joint stock companies. 8. Approval on the business and contracts that took place between the company and Mahan Human Resources Company, in which the Chairman of the Board of Directors, Mr. Khalid bin Mohammed Al-ammar, and the Vice Chairman of the Board of Directors, Mr. Khalifa bin Abdullatif Al-Melhem, have an indirect interest, which is the provision of labor services, and the value of transactions in 2023 was estimated at (1,264,725) SAR, and that all transactions were conducted on commercial bases and without preferential benefits 9. Approval to grant a bonus amount of 257,500 Saudi Riyals to the members of the Board of Directors for the fiscal year ending on December 31, 2023 10. Approval on amending the Governance Regulations 11. Approval on amending the work list of the Audit Committee 12. Approval on amending the work list of the Remuneration and Nomination Committee 13. Approval on the remuneration policy 14. Approval on the Nomination Policy 15. Approval on the Social Responsibility Policy 16. Disapproval on adding a new article in the Articles of Association related to (the company's purchase, sale and pledge of its shares) 17. Approval on amending Article Forty-three of the Articles of Association (Distribution of Profits) (attached). 18. Approval on transferring the entire balance of the Company's statutory reserve amounting to SAR 6,758,115 as of the financial statements for the year ending on 12/31/2023 to the retained earnings account. 19. Approval to reorganize and renumber the articles of the company’s bylaws to align with the proposed amendments
Additional Information	For more information or inquiries, please contact the Shareholder Relations Department by phone on the following number: 0138188320 or via email Investor.relation@canadian-mc.com during the company's official working hours from Sunday to Thursday from 9:00 am to 5:00 pm.

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